The Regional Greenhouse Gas Initiative places limits on emissions by fossil fuel-burning power plants. Electric power generators buy allowances for the carbon they emit.

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Auctions were held in Rhode Island in 2014 and early 2015.

The Rhode Island Office of Energy Resources proposes spending $2.8 million to replace high-pressure sodium streetlights with efficient LED lighting on state highways, and $1 million for LED streetlights throughout municipalities.

The proposed investments also include $3 million for the Rhode Island Infrastructure Bank, the state's hub for green infrastructure financing initiatives, and about $3.6 million for energy efficiency measures, among other projects.

The state is gathering public comment on the plan.

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